Topic summary
License raj
Extracted from the Wikipedia article Licence Raj.
Licence Raj,Permit Raj, Permit-Licence Raj, or Quota-Permit-License Raj (rāj, meaning "rule" in Hindi) is a term coined by Indian independence activist and statesman C. Rajagopalachari for the system of strict government control and regulation of the Indian economy. Under the system, which rested on the Industries (Development and Regulation) Act in 1951, and lasted until the early 1990s, businesses needed government licences to set up, expand, or change production, and these were often difficult to obtain.